Tonight, and preposterously so, Hinderaker claims that it is only “the liberals” — who distain Elon Musk.
Nope.
In fact, John himself admits that he would not invest in Musk’s SpaceX, unless the stock price falls — to one-half of where it is, now.
He correctly observes that absolutely nothing in the stable of businesses as presently constituted remotely justifies $1 trillion valuation.
But instead of saying Elon Musk is a serial securities fraudster, John leaps to the wild eyed conclusion — that “liberals” are just envious — and hate/reject the idea of anyone having their “own” property. What a preposterous load of crap that — and he — represents.
Let us instead consider the fact that Musk regularly lies about his public companies; consider that… is a felony under the ‘34 Act, John.
Thus, the Twitter/X-itter case study:
…In a pitch to private investors, Elon Musk once predicted that one of his companies would quintuple its revenue to more than $26 billion and nearly quintuple its customer base by 2028.
That company was Twitter and those projections were made as Mr. Musk prepared to buy the social media company for $44 billion in 2022.
Today, Twitter, which has been renamed X, has fallen far short of what Mr. Musk said would happen. The social media platform’s ad revenue plunged 65 percent last year. And it was ultimately folded into SpaceX, Mr. Musk’s rocket company, this year ….
Those are facts, John. Not wildly irrational prejudices.
Prejudices — like the ones which you clearly hold — about “liberals”.
Personally, over the last five years, I have now heard dozens of GOP voters / genuine conservatives… lament the level of dishonesty that both Trump and Musk regularly exhibit.
Some of them even specifically call Musk a securities fraudster. That’s not a liberal opinion, and that’s not a hatred of all property. That’s a respect for the rule of law. Sadly, you are no longer similarly afflicted.
You’re just a bitter and old man.
Cheers.
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